Thursday, 7 June 2012

Jagan case: ED yet to initiate legal formalities

                                                                                
The Enforcement Directorate (ED) may take some more time to launch its investigations against YSR Congress president Y.S. Jaganmohan Reddy and possibly question him for alleged violation of the Prevention of Money Laundering Act (PMLA) and Foreign Exchange Management Act (FEMA) as it is yet to initiate the legal formalities.
Sources said the ED has to file a petition in the Special Court for CBI Cases seeking permission to question Jagan either in prison or for taking him into its custody. However, the ED has not filed any such petition so far.
It had earlier sought the court's permission to question the accused in the illegal mining by Obulapuram Mining Company, Emaar Properties and disproportionate assets case against Jagan. But its petitions are yet to be disposed of by the court because some of the accused, now lodged in jail, such as IAS officers B.P. Acharya and Y. Srilakshmi, besides Koneru Prasad, have filed objections to the ED's move. The ED authorities have taken copies of charge-sheets filed in the illegal mining, Emaar and Jagan cases. But it is yet to lay its hands on the supplementary charge-sheet in Emaar case and the second and third charge-sheets in Jagan case, all filed by the CBI. The court has since given notices to the CBI already asking it whether it had any objection to parting with the copies of documents sought by the ED. Sources stated that the CBI is likely to file its response on Thursday in this regard. Once it collects all the charge-sheets, the ED will have to come to a conclusion whether there is a prima facie case or not of violations of PMLA and FEMA. Once it is convinced on this score, it will send its officials to the countries from where money was allegedly transferred to companies through the ‘hawala' route. These investigations will form the basis of its decision to question the Kadapa MP.
from Hindu

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